Ex-Deutsche Bank Exec Faces Euribor-Rigging Trial In London
Law360, London (June 10, 2019, 6:42 PM BST) -- Prosecutors for the Serious Fraud Office are due to open their case Tuesday against a former Deutsche Bank director accused of conspiring to rig a key benchmark interest rate used to price trillions of dollars of securities.
Andreas Hauschild, a former managing director and member of the bank's financial executive committee, is charged with conspiracy to defraud in connection with alleged manipulation of the Euro Interbank Offered Rate, or Euribor.
Hauschild was charged in November 2015. He is the seventh person to stand trial on charges connected to rigging Euribor, an interest rate underpinning $180 trillion worth of transactions. It's the SFO's...
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